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MAY 2005 ANNUAL GENERAL MEETING – Premier Oil

Premier Oil · May 6, 2005 · 8 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. MAY 2005 ANNUAL GENERAL MEETING – Premier Oil – slide 1
    2005 AGM Presentation 6 May 2005
  2. MAY 2005 ANNUAL GENERAL MEETING – Premier Oil – slide 2
    Finance highlights Total operating profit 93.0m (2003: 94.5m*) Lower turnover offset by lower costs Net profit after tax 43.8m (2003: 27.9m*) Lower interest charges up 57% Healthy cashflow Net inflow 4.9m Cashflow sufficient to…
  3. MAY 2005 ANNUAL GENERAL MEETING – Premier Oil – slide 3
    Operational highlights Production ahead Strong gas demand in Pakistan, Indonesia offsets of budget UK decline Developments on track West Natuna (West Lobe) Chinguetti Further gas sales Bhit phase 2, Zamzama Phase 2 progressed and…
  4. MAY 2005 ANNUAL GENERAL MEETING – Premier Oil – slide 4
    Share price performance Premier shares have increased in Premier Oil share price performance over 5 years value by 370% over the past five 700 years, making the company a top 600 ten performer in the FTSE 250 500 Share price…
  5. MAY 2005 ANNUAL GENERAL MEETING – Premier Oil – slide 5
    Reserves and production Total 2P(3) resources 210 mmboe (1) Working interest production (barrels of oil equivalent Mauritania per day) Tevet (contingent) Unbooked (2) Tiof (contingent) 50,000 Chinguetti Indonesia Indonesia…
  6. MAY 2005 ANNUAL GENERAL MEETING – Premier Oil – slide 6
    2005 exploration & appraisal programme Egypt: Al Amir-1 NE India: Lakkhi-1 Mauritania: Tiof-6 appraisal Page 6 2005 AGM Presentation
  7. MAY 2005 ANNUAL GENERAL MEETING – Premier Oil – slide 7
    Summary and outlook Good business performance in 2004 Profits up 57% 6 successful E&A wells from 11 in 2004 Strong demand growth in overseas gas assets Resources secure (finance, skills, management) Strategy Continuous exposure…
  8. MAY 2005 ANNUAL GENERAL MEETING – Premier Oil – slide 8
    AGM proxy votes cast For Against Votes Withheld Resolution Description Holders Votes Holders Votes Holders Votes Voting Voting Voting RES:001 REPORT AND ACCOUNTS 1,764 43,090,588 17 44,623 13 6,785 RES:002 DIRECTOR REMUNERATION…

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